Robert Besser
26 Oct 2022, 02:28 GMT+10
SEATTLE, Washington: Microsoft will layoff nearly 1,000 employees worldwide, the company told ABC News this week.
The layoffs come amid persistent inflation, recession fears and stock market woes.
In 2022, Microsoft shares have fallen nearly 30 percent.
The job cuts announced by Microsoft cover a wide variety of positions, levels and geographic regions, Microsoft confirmed.
"Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly," the company told ABC News in a statement. "We will continue to invest in our business and hire in key growth areas in the year ahead."
Of note, the 1,000 jobs represent less than one half of one percent of the company's 221,000 employees worldwide.
Microsoft will report its latest quarterly earnings next week.
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